Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Cisco Systems    CSCO

My previous session
Most popular
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweetsMarketScreener Strategies

OpenFog Consortium: Growing Strong at the Intersection of Fog and IoT

share with twitter share with LinkedIn share with facebook
share via e-mail
09/19/2017 | 05:10pm CET

Cisco Blog > Innovation

Innovation Helder Antunes - September 19, 2017 - 0 Comments

Last week 80 people came together in Seattle for the sixth meeting of the OpenFog Consortium. The excitement and engagement at the meeting reflected a market segment that is growing up, and growing strong. Still shy of its second birthday, the Consortium boasts 59 members and counting, including leaders of industry and academia from around the world.

Why is this important?

I believe that fog computing is one of the most important accelerators of the Internet of Things (IoT). Fog pushes computing power and storage from the cloud into devices at the edge of the network, where they can process, analyze, and store data for real-time and near-real-time applications-the very things that drive value in IoT. Fog provides enhanced latency, reliability, security, and bandwidth efficiency compared to cloud-based solutions. Without fog, we wouldn't be able to have self-driving cars, autonomous drones, or real-time production control systems.

As fog enables IoT adoption, IoT's need for fog capabilities is accelerating the development of widespread fog architectures and standards. And that's where the OpenFog Consortium comes in. The Consortium's committees and workgroups have been hard at work defining an open, interoperable fog computing architecture to ensure interoperability as fog technology develops.

The OpenFog founders celebrate with a little fun.

We published our Reference Architecture last February and it's been gratifying to work with other organizations to influence standards development. I'm particularly excited that IEEE is in the process of certifying the OpenFog Reference Architecture as the defacto industry standard for fog computing. We continued our work with IEEE representatives in Seattle last week to move this process forward. Stay tuned for the announcement of Version 1 of the standard, which I expect will be finalized within a few weeks. In the future, any sub-architectures that derive from the Reference Architecture will go through a similar process.

The OpenFog membership also elected officers, board members, and workgroup chairs last week. I was honored to be unanimously reelected for a second term as chair of the Consortium-a testament to Cisco's leadership in shepherding the organization through its formative stages. Now that the Consortium is going strong, I view this as a mandate to continue growing the membership, solidify the architecture, and further develop policies on test beds and certification of fog technologies and devices.

The next important event for fog computing will be Fog World Congress, October 30-November 1, presented by the OpenFog Consortium and IEEE Communications Society, and co-sponsored by Cisco and other industry leaders. The agenda is packed with industry luminaries, including Cisco's own Chief Strategy Officer Hilton Romanski. Cisco will have a strong presence on panels and the demo floor, where we will showcase our existing fog technologies and architectures.

I hope you'll join me there-at the intersection of fog and IoT-to be part of the next stage in fog computing.


Cisco Systems Inc. published this content on 19 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 September 2017 15:09:09 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on CISCO SYSTEMS
11/17CISCO : to end Services Partner Program in channel revamp
11/17CISCO : North Carolina launches cybersecurity training program for veterans
11/17CISCO : Digital disruption to add 1.4 million new IT jobs in India by 2027
11/17CISCO : CSCO) Beats Q1 Earnings & Revenue Estimates
11/17CISCO : Ciscos Webex Teams gets BroadCloud Calling integration
11/17CISCO : Expands Intent-Based Networking Portfolio
11/17CISCO : strategy revolves around multi-domain architecture
11/16WEEKLY WRAP UP : New RV Series, Cisco Live Cancun and more
11/16Digital media company Technicolor explores options including sale - sources
11/16CISCO : Threat Roundup for November 9 to November 16
More news
News from SeekingAlpha
11/16CISCO SYSTEMS : FQ1 Results Support Hearty Yield 
11/16What Will An Investment In Cisco Do For You? 
11/16CISCO : A Beautiful Quarter, But I Have One Concern 
11/16The Impact Of Dividend Increases Through September Of 2018 
11/15CISCO Q1 EARNINGS : Even Better Than Last Quarter 
Financials ($)
Sales 2019 51 548 M
EBIT 2019 16 335 M
Net income 2019 12 624 M
Finance 2019 13 595 M
Yield 2019 2,99%
P/E ratio 2019 16,36
P/E ratio 2020 15,42
EV / Sales 2019 3,85x
EV / Sales 2020 3,71x
Capitalization 212 B
Duration : Period :
Cisco Systems Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CISCO SYSTEMS
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 51,0 $
Spread / Average Target 9,9%
EPS Revisions
Charles H. Robbins Chairman & Chief Executive Officer
Tiang Yew Tan Senior Vice President-Operations & Digital
Kelly A. Kramer Chief Financial Officer & Executive Vice President
Guillermo Diaz Chief Information Officer & Senior Vice President
Roderick C. McGeary Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CISCO SYSTEMS21.02%211 881
QUALCOMM-13.48%67 736
NOKIA OYJ31.18%32 869
ERICSSON42.92%28 517